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EUR/USD loses the grip


EUR/USD loses the grip ahead of 1.1000, focus on data

The midl recovery in the greenback has prompted EUR/USD’s rally to lose some steam and recede to the 1.0970/60 band in the second half of the week. EUR/USD offered post-PMIs Following four consecutive daily advances, including a brief test of… Continue Reading…

forex dollar climbs


Forex – Dollar Climbs; Fed Minutes Offer Downbeat Outlook

The U.S. dollar posted gains in early European trade Thursday, as investors digested the latest downbeat comments from the Federal Reserve, while Asian data offered no real recovery clues. At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks… Continue Reading…

FOREX-Dollar gains as risk-taking appetite


FOREX-Dollar gains as risk-taking appetite wanes

The dollar edged higher on Thursday as Sino-U.S. tensions and weak economic indicators in Europe dented sentiment after hopes of a quick economic recovery and further stimulus fuelled an overnight rally on Wall Street. Against a basket of currencies =USD the… Continue Reading…

AUD/USD erases recovery gains


AUD/USD erases recovery gains, drops to 0.6560 area on risk-aversion

The AUD/USD pair staged a modest rebound during the early trading hours of the American session and rose to 0.6600 before making a sharp U-turn. As of writing, the pair was down 0.55% on the day at 0.6560. AUD weakens… Continue Reading…

euro forex


FOREX-Euro takes a breather after four-day rising streak

The euro steadied on Thursday after a four-day rising streak that was fuelled by optimism of a closer fiscal union in Europe fizzled out, with U.S.-China tensions and concerning economic data coming to the fore. France and Germany proposed a… Continue Reading…



NZD/USD reversal from 0.6150 finds support at 0.6100

The New Zealand’s dollar is set to halt a three-day rally from 0.5920 area after hitting resistance at 0.6150. The pair, however seems steady above 0.6100, consolidating gains near the top of the last five weeks’ horizontal range, from 0.5915 to 0.6160/75… Continue Reading…



USD/MXN rebounds toward 23.00 after hitting two-month lows near 22.70

The USD/MXN broke below 23.05 earlier on Thursday and tumbled to 22.74, reaching the lowest level since March 17. Over the last hours, it trimmed losses, and it is trading around 23.00, down for the day but off lows. The… Continue Reading…

FOREX-Euro set for a fifth consecutive day of gains


FOREX-Euro set for a fifth consecutive day of gains as optimism builds

The euro was set for a fifth consecutive day of gains on Thursday as optimism about a closer fiscal union in Europe remained high among investors as dire economic data failed to change sentiment amid U.S.-China tensions. The bloc’s currency… Continue Reading…



EUR/USD fails to break 1.1000 and turns negative on the day

The euro is set to end a four-day rally on Thursday. EUR/USD’s bounce from 1.0775 lows last week has been capped at 1.1000 psychological level, and the pair has pulled back to the mid-range of 1.0900. Euro rally loses steam as market… Continue Reading…

GBPUSD Daily Chart


GBPUSD Price Struggles Again at Former Demand Zone

GBPUSD Price Analysis – May 21   A push from the Bulls to break up the $1.22 price level with the daily candle close above the mentioned level may increase the price to reach the supply levels of $1.23 and… Continue Reading…